MBM Wealth Consultants LLC Boosts Stock Holdings in Laureate Education, Inc. (NASDAQ:LAUR)

MBM Wealth Consultants LLC raised its position in shares of Laureate Education, Inc. (NASDAQ:LAUR) by 6.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,622 shares of the company’s stock after acquiring an additional 990 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Laureate Education were worth $320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LAUR. Renaissance Technologies LLC increased its holdings in shares of Laureate Education by 56.7% in the second quarter. Renaissance Technologies LLC now owns 330,400 shares of the company’s stock valued at $4,936,000 after purchasing an additional 119,600 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Laureate Education by 207.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 824,985 shares of the company’s stock valued at $13,703,000 after buying an additional 556,573 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Laureate Education by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,145,552 shares of the company’s stock valued at $35,638,000 after acquiring an additional 80,570 shares during the last quarter. Burney Co. purchased a new stake in shares of Laureate Education in the fourth quarter valued at about $666,000. Finally, Swedbank AB increased its position in Laureate Education by 225.8% during the third quarter. Swedbank AB now owns 2,513,300 shares of the company’s stock worth $41,746,000 after purchasing an additional 1,741,800 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Laureate Education Stock Performance

Shares of Laureate Education stock opened at $18.73 on Wednesday. The business’s fifty day simple moving average is $18.63 and its 200-day simple moving average is $16.68. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.82 billion, a PE ratio of 11.85 and a beta of 0.83. Laureate Education, Inc. has a 52 week low of $12.52 and a 52 week high of $19.98.

Laureate Education (NASDAQ:LAUR) last posted its earnings results on Thursday, October 31st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.40. The company had revenue of $368.60 million for the quarter, compared to analysts’ expectations of $361.80 million. Laureate Education had a net margin of 15.76% and a return on equity of 27.13%. Laureate Education’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities analysts forecast that Laureate Education, Inc. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their price target on shares of Laureate Education from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Insider Activity at Laureate Education

In related news, Director Corro Pedro Del sold 25,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $489,500.00. Following the transaction, the director now owns 29,686 shares of the company’s stock, valued at approximately $581,251.88. This represents a 45.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.32% of the stock is owned by insiders.

Laureate Education Profile

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.